ValueXpress has now completed over 200 CMBS conduit loans for hotels. We have financed every hotel brand in the United States! The most popular brands for refinance for us are Holiday Inn Express and Hampton Inn. Many of our hotel clients use the “cash-out” feature of CMBS conduit loans to finance … [Read more...] about 2.16.22: HOTELIERS, WATCH YOUR ALIGNMENT!
2.7.22: COSTAR: HOTEL CMBS LOANS POISED FOR STRONG RECOVERY
The amount of loans backed by hotels and packaged into commercial mortgage-backed securities, or CMBS, typically moves with the economic cycle. In the recessions of 2002 and 2009, issuance of hotel CMBS loans declined to almost zero, but in 2020 more than $3.5 billion in CMBS loans were made. In … [Read more...] about 2.7.22: COSTAR: HOTEL CMBS LOANS POISED FOR STRONG RECOVERY
1.31.22: SOFR IS HERE FOR CMBS CONDUIT LOANS – WHAT DOES IT MEAN?
In July 2018, we posted that finance professionals agreed that the Secured Overnight Financing Rate, or SOFR, would be the likely replacement for LIBOR by the end of 2021, when the LIBOR index was scheduled to be phased out. The SOFR is a broad measure of the cost of borrowing cash overnight … [Read more...] about 1.31.22: SOFR IS HERE FOR CMBS CONDUIT LOANS – WHAT DOES IT MEAN?
1.17.22: Q4 2021 U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
LW Hotel Advisors (LWHA) recently released its fourth-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, vaccines and booster shots paved the way for a brief return to some semblance of normalcy; however, as we enter 2022 the nearly two-year global health crisis is … [Read more...] about 1.17.22: Q4 2021 U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
1.9.22: SL GREEN’S ONE VANDERBILT IS 95% LEASED, EXCEEDING YEAREND GOAL
SL Green Realty, Manhattan’s largest office landlord, reported its trophy One Vanderbilt tower is 95.2% leased, even as its overall fourth-quarter occupancy rate declined. It's just the latest sign that coveted top-tier properties are attracting tenants even while New York’s office market is still … [Read more...] about 1.9.22: SL GREEN’S ONE VANDERBILT IS 95% LEASED, EXCEEDING YEAREND GOAL
12.31.21: COVID-19 PERFORMING LOAN CONSENTS FOR CMBS LOANS – A LOOK BACK
During the peak of COVID-19, CMBS borrowers, primarily hotel and retail, were not generating sufficient revenue to make mortgage and escrow payments to lenders. As a result, loan servicers developed a plan to assist borrowers while still complying with the terms of servicing agreements. Master … [Read more...] about 12.31.21: COVID-19 PERFORMING LOAN CONSENTS FOR CMBS LOANS – A LOOK BACK
12.14.21: ANNOUNCED STORE CLOSINGS IN 2021 APPROACH AN ALL-TIME LOW
Despite rising cases of breakthrough coronavirus infections and the resulting uncertainty over the efficacy of current vaccines against variants, the retail property market shows impressive signs of recovery at yearend. Retail sales have moved well above pre-pandemic levels for months, retailer … [Read more...] about 12.14.21: ANNOUNCED STORE CLOSINGS IN 2021 APPROACH AN ALL-TIME LOW
12.8.21: COSTAR PREDICTS REBOUNDING GROUP TRAVEL WHICH MEANS ONE HOTEL METRIC COULD SUFFER
A commonly used hotel metric will edge lower in 2022 despite the hospitality sector improving, according to projections for 2022 by CoStar analysts. Convention hotels are expected to see falling average daily rates, a measure of how much revenue is generated per room, as group travel increases. … [Read more...] about 12.8.21: COSTAR PREDICTS REBOUNDING GROUP TRAVEL WHICH MEANS ONE HOTEL METRIC COULD SUFFER
11.30.21: VALUEXPRESS FORECASTS STRONG DEMAND FOR CMBS LOANS IN 2022, LED BY HOTELS
ValueXpress predicts strong demand for CMBS loans in 2022 based on pent-up financing needs from the pandemic, loan maturities and a return to rent growth from inflation. ValueXpress believes CMBS loans for hotels will outpace other asset classes for CMBS conduit loans. Hotels have been essentially … [Read more...] about 11.30.21: VALUEXPRESS FORECASTS STRONG DEMAND FOR CMBS LOANS IN 2022, LED BY HOTELS
11.17.21: LATEST CMBS CONDUIT OFFERINGS WELL RECEIVED
CMBS conduit securities offerings continued to flow in November despite growing global market volatility. 3650 REIT, Citigroup and Deutsche Bank priced a $918.6-million conduit deal -- the first from 3650’s new shelf -- at relatively tight spreads. The super-senior, long-term AAA-rated securities … [Read more...] about 11.17.21: LATEST CMBS CONDUIT OFFERINGS WELL RECEIVED
